Hot Pursuit
Larsen & Toubro Ltd. is up 1.41% to Rs 3678.1 today, building on recent momentum that has seen the stock gain 1.39% over the last one week.
Larsen & Toubro's Public Spaces, Airports & Health (PAH) business vertical has commenced initial activities on the New Tashkent International Airport in Uzbekistan, following the receipt of a Limited Notice to Proceed (LNTP) from the project's PPP consortium. The company was previously awarded an engineering, procurement & construction (EPC) contract for the airport's passenger terminal and associated landside infrastructure, which will cater to approximately 17 million passengers annually. This project, classified as "Ultra-mega" with a value exceeding Rs 15,000 Cr, is a key component of Uzbekistan's long-term transport infrastructure strategy and aims to establish the nation as a major aviation hub, while further solidifying L&T's position in the airport infrastructure segment.
Trading volume reached 4.6 lakh shares today, a decrease of 60.93% compared to the average volume over the last one week. Larsen & Toubro Ltd eased by 4.20% year-over-year, outperforming the 9.53% loss registered by the NIFTY50 index.